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I have noticed lately that we are having more clients needing to register for VAT and I think this is a trend that will continue. As the cost of living goes up, and the prices increase then total income will also increase, but the VAT threshold of £85,000 has remained...

In November, HMRC launched a campaign to encourage people to voluntarily disclose any unpaid tax that they owe on their cryptoassets.  Cryptoassets is an umbrella term for the following: exchange tokens (for example, bitcoin), NFTs (non-fungible tokens) and utility tokens. HMRC’s research in July 2022 found that 1 in 10...

New years’ resolutions can often be quite unrealistic and far-fetched, and the chances are that you have given up on your resolution before the end of January in the past!  This new year, why not choose a new years resolution that will help your business accounting? By choosing just one...

The Autumn Statement is usually a dull affair with a handful of updates, but mostly about information to do with how well the economy is doing and how much debt the country is in. However, there had been rumblings before the statement that there were bigger changes afoot. National Insurance...

Last month, Turas Accountants were awarded Xero Gold Partner status. Our Telford based accounting company has always been a big advocate of Xero, but to have been awarded Gold Partnership is an achievement we are very proud of.  How is Gold Partner Status awarded? In the Xero partner programme, accounting...

A mother who lost her son to suicide has topped her target of one million steps to support the charity that helped her through the trauma of bereavement.  Andrea, who works for Telford-based accountancy firm Turas Accountants has been clocking up the steps with colleagues and friends since June 3...